Bunge Ltd (BG) Holdings Increased by Chartwell Investment Partners LLC

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Chartwell Investment Partners LLC boosted its position in Bunge Ltd (NYSE:BG) by 3.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 26,780 shares of the basic materials company’s stock after purchasing an additional 853 shares during the period. Chartwell Investment Partners LLC’s holdings in Bunge were worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its stake in Bunge by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 35,920 shares of the basic materials company’s stock worth $1,905,000 after acquiring an additional 577 shares during the period. Dubuque Bank & Trust Co. grew its stake in Bunge by 16.3% in the 1st quarter. Dubuque Bank & Trust Co. now owns 4,729 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 664 shares during the period. MUFG Securities EMEA plc purchased a new stake in Bunge in the 4th quarter worth approximately $5,344,000. Geode Capital Management LLC grew its stake in Bunge by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 1,306,178 shares of the basic materials company’s stock worth $69,752,000 after acquiring an additional 118,192 shares during the period. Finally, Norges Bank purchased a new stake in Bunge in the 4th quarter worth approximately $69,827,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Shares of BG opened at $52.48 on Tuesday. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.29 and a beta of 0.93. Bunge Ltd has a fifty-two week low of $48.89 and a fifty-two week high of $76.95. The company has a current ratio of 1.54, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74.

Bunge (NYSE:BG) last announced its quarterly earnings results on Thursday, February 21st. The basic materials company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.44 billion. Bunge had a net margin of 0.58% and a return on equity of 6.79%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Sell-side analysts forecast that Bunge Ltd will post 2.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.81%. Bunge’s payout ratio is 73.53%.

A number of equities analysts have weighed in on BG shares. BMO Capital Markets reiterated an “outperform” rating on shares of Bunge in a report on Friday, February 22nd. Morgan Stanley decreased their price target on shares of Bunge from $84.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, February 25th. ValuEngine lowered shares of Bunge from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Bunge from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, JPMorgan Chase & Co. started coverage on shares of Bunge in a report on Thursday, March 28th. They issued a “neutral” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.33.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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